A Banker Comments on the Fed's Plan to Stop Buying Mortgae Backs Securities

The banker emails:

Even though the Fed insists they are going to stop purchasing MBS, I just can't believe they would be willing to see mortgage rates spike and freeze up the housing market, while everyone watches. It runs counter to their interventionist streak. It would be hard to see how the "true" market would support the 30 year mortgage rate at around 5%

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